Sepura radios in record revenues

SEPURA posted record revenues for the latest financial year, in results announced yesterday.

Its results for the year ended 27 March showed a 12 per cent increase in takings, up to €131.2m (£93m).

The Cambridge-based firm has seen a 20 per cent rise in adjusted operating profit to €15m, despite turmoil in the foreign exchange market and vulnerability from its Greek operations.

Shares ended the day up 1.56 per cent per cent yesterday at 163p, on the back of the news.

Chairman John Hughes said: “Our strategy to expand our addressable market has delivered a third consecutive year of record revenues and fourth consecutive year of double-digit growth.”

The company is now positioning itself to compete in the US market, having shipped 217,000 radios in the last year, up 15 per cent from 188,000 the previous year.

In addition, Sepura announced the appointment of Richard Smith from Imagination Technologies as its new finance chief.

It designs and manufactures radio terminals, supplying businesses and governments in over 100 countries.

This year it bought Teltronic for €127.5m, the largest acquisition in its 12 year history, and recently supplied the 2014 Fifa World Cup, Malaysia Airports, and Disneyland Paris. It will also work on the 2016 summer Olympics in Rio.